Technical Analysis – EURNOK’s decline from record high halts at 50.0% Fibo
Posted on November 7, 2019 at 4:43 pm GMTEURNOK’s aggressive push lower has ceased around the support region of 10.0619 to 10.0550 – the former being the 50.0% Fibonacci retracement of the up leg from 9.8146 to 10.3110 and the later, the 2018 high of 10.0550 – after tumbling from the all-time high of 10.3110. The technical indicators suggest that the negative momentum is snowballing. The MACD has slipped back below its red trigger line in the negative region, while the RSI and the stochastics have entered oversold [..]